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Surge in listings drives first-half profit growth at HKEx

Hong Kong Exchanges & Clearing, which owns the London Metal Exchange, has reported a first-half profit of HK$2.36bn (€227.5m), a 2% increase from a year earlier.

The Asian stock exchange operator’s trading volumes slumped during the first six months of this year, with average daily turnover of HK$62.9bn down 8% from the previous year of HK$68.3bn. However, this was more than offset by a surge in new listings, which lifted HKEx's revenue 4% to HK$4.6bn.